Box, Inc. (BOX) Crumbles: Stock Falls by 5.7% - Tale of the Tape
Box, Inc. (BOX) saw a big move in the last trading session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as BOX is now trading within the volatile price range of $16.83 to $18.29 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the company, a cloud-based enterprise content collaboration platform, has seen 1 negative revision in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
BOX currently holds a Zacks Rank #3 (Hold).
Investors interested in the Internet Software industry may consider a better-ranked stock like Attunity, Ltd. ( ATTU), carrying a Zacks Rank #1 (Strong Buy).
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